On Sept. 1, old ¢1,000 and ¢2,000 bills reach their expiration date
This Wednesday is the last day that ¢1,000 and ¢2,000 bills can circulate in businesses and in the general public. New bills of those denominations went into circulation in June.
Marvin Alvarado, treasurer of the Central Bank of Costa Rica (BCCR), explained that on Thursday anyone who receives an old ¢1,000 or ¢2,000 bill can refuse to accept it.
The old bills may be deposited at banks and other financial institutions until Oct. 31.
After this date, the old bills will only be changeable at the BCCR headquarters in San José.
The phasing out process will begin anew this November when new ¢5,000 and ¢10,000 notes make their debut.
You may be interested
5 questions for US painter Suzahn KingElizabeth Lang - May 20, 2018
Suzahn King's paintings, known for their intricate details, are currently focused on her surroundings in Costa Rica, a country she…
Jean Marc Calvet, part III: Leaving Marco behindElizabeth Lang - May 18, 2018
This is the story of Nicaraguan-based French artist Jean Marc Calvet: a man whose complex life, obscurities and misfortunes overwhelmed…